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stevenjonkaplan
May 22, 2023 10:26 PM

The U.S. dollar index rallying means U.S. stocks to drop soon. Short

U.S. Dollar Currency IndexTVC

Description

The U.S. dollar index peaked on September 28, 2022 and QQQ bottomed three weeks later. The U.S. dollar index started rallying three weeks ago and therefore QQQ is probably close to topping out soon. You can also see this at other turning points including March 2009, December 2018, early 2016, March 2020, etc.
Comments
zAngus
Greetings, good work on sharing your first idea with the community. We hope you enjoyed using the different charting tools and the activity. Hope the trade goes well for you.

From mod @zAngus
stevenjonkaplan
@zAngus, Thank you for your kind encouragement!
zAngus
@stevenjonkaplan, you are very welcome. Keep posting !
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